Attractions Management News 26th June 2019 issue 133

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MANAGEmENT news www.attractionsmanagement.com

26 jUNE 2019 Issue 133

Cedar Fair acquires Schlitterbahn brand Cedar Fair has announced the acquisition of waterpark operator Schlitterbahn, gaining two new Texas waterparks in the process. Upping its waterpark portfolio to 15, the Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston represent a cash purchase of US$261m (€233.4m, £208.2m) for Cedar Fair. As part of the deal, the company also has an option to acquire a third site in Kansas City, which previously operated as a Schlitterbahn waterpark.

■■Schlitterbahn Waterpark Galveston has the world's tallest water-coaster

"These properties represent new markets for us, with attractive demographics in the growing central

systems will support a smooth integration

Texas region, and they align with

of these properties by ensuring a

our strategy to identify compelling

premium guest experience, strong team

opportunities to accelerate our growth and

collaboration and superior execution."

profitability," said Richard Zimmerman,

In 2018, the two Texas waterparks and New Braunfels resort received 1.2 million

Cedar Fair's president and CEO. "The investments we've made over

guests and generated annual revenues

the past five years to strengthen our

of US$68m (€60.79m, £54.26m).

back-of-house and customer-facing

More: http://lei.sr/R4a6K_A

TECHNOLOGY

De Young Museum uses tech for interactive tour

Richard Zimmerman

MAJOR PROJECT

THEME PARKS

Google Lens to bring new slant to museum visit

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Solar power makes Six Flags park 'nearly zero-carbon' Great Adventure powered by 40-acre solar farm

These properties represent new markets for us, with attractive demographics

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Gamer-themed park to tap into Chinese gaming craze ITEC tables plans for major attraction based on gaming

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